Tierra del Fuego
Real Estate in Tierra del Fuego as an opportunity to make duty free investments.
The province of Tierra del Fuego is pronounced jurisdictionally by a a law which promotes industrialization. Under number 19640, the law establishes an industrial endorsement system by which this special customs area is exempted from paying any whatsoever national tax or duty for importing or exporting activities within the province boundaries.
The promotion falls on any economic activity and goods located or else whish is generated within the province. For instance, property ownership and letting is not taxed with VAT (value added tax), profits, Tax on Transfer of Assets, tax on Personal Propertyor any other tax that is encumbered.
This promotion serves the purposes of all those, individuals or firms, who possess any type of property within the limits of the province, though their residence is set in any other part of the country.
The following are benefits of Real Estate investments:
Tax Burden
All profit obtained either by purchasing, building or selling activities generated by real estate actions will not be taxed by any national duty.Apart from ownership, personal tax is also exempted from being paid no matter how much it is held in the country or overseas.
Convenience
Tierra del Fuego is one of the provinces with the greatest demographical growth in Argentina. This is why there is a major housing need for new inhabitants which guarantees the plentiful occupation of any place.
Soundness and investment low risk idicators
The main feature of Real Estate investment lies on its reliability, strength and low risk. The profit obtained is optimal due to the annual duty free percentage compared with the innitial investment. Furthermore, low risk is guaranteed by the profit coming from both, national and international tourism. (see below).
International Tourism Area
Ushuaia is currently under a time of great touristical growth.Every season the city welcomes important international cruise ships from all around the world with travellers who visit Antarctica. The end of the world is the landmark that makes Ushuaia an international attraction to come to which cause more and more tourists to come to visit The Southernmost city.
Income per person
The province holds the highest income per person of the country. Salaries add an item of cold area in most of the workers´ collective hiring agreements, wether is is private or public employment. This fact guarantees any type of investment which deals with demands for renting spaces. It also neglects the possibility of non collecting the rent.
Real Estate appreciation
Owing to the growth of both population and business, real estate values at the same rythm of local pace. Economic data has shown that there is a great uncovered demand for renting houses and flats. Meanwhile, housing offer is not enogh to meet most claims.
Capital of the province
Ushuaia is the governmental capital of the province. All the three powers are located and connected here as Provincial Governor, Central Bureau of Administration and Autocratic Organizations. All the demands that derive from the mentioned entities outrank and guarantee property letting due to work stability and employment security for the local residents.
Industrial Park exemption
Río Grande is one of the industrial hubs of the country. There are electronic assembling industries located there which export their goods free of duties.es uno de los Polos Industriales del país. Some of the firms are BGH, Brightstar, Mirgor. They all own building investments planned for 20 years ahead according to the latest enlargment of their premises. The information ensures electronic production two decades.
